JPMorgan Chase & Co. Cuts Adobe (NASDAQ:ADBE) Price Target to $315.00

Posted by Francis Steltz on Sep 11th, 2026

Adobe (NASDAQ:ADBE – Get Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from $340.00 to $315.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the software company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 25.86% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Phillip Securities downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Jefferies Financial Group set a $275.00 target price on shares of Adobe and gave the stock a “hold” rating in a report on Friday. CLSA started coverage on shares of Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $315.00 price target on shares of Adobe in a report on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $283.12.

Read Our Latest Stock Report on Adobe

Adobe Stock Performance

Shares of NASDAQ ADBE traded up $1.44 during mid-day trading on Friday, reaching $250.27. 5,369,008 shares of the company’s stock were exchanged, compared to its average volume of 5,811,338. The firm has a 50-day moving average price of $252.89 and a two-hundred day moving average price of $245.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $99.48 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.42. Adobe has a 52 week low of $190.12 and a 52 week high of $370.86.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Analysts predict that Adobe will post 19.83 EPS for the current year.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Ricks bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Adobe

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in Adobe during the 3rd quarter valued at about $26,000. TrustBank bought a new stake in shares of Adobe during the fourth quarter valued at approximately $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Adobe in the 2nd quarter worth approximately $28,000. Lloyd Advisory Services LLC. bought a new position in Adobe in the 4th quarter valued at approximately $31,000. Finally, Sankala Group LLC purchased a new stake in Adobe during the 4th quarter valued at $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, while adjusted EPS of $6.13 exceeded the $6.08 consensus estimate. Management also raised its fiscal 2026 revenue and adjusted EPS outlook, signaling continued demand for its software products. Adobe Reports Record Q3 Results
Positive Sentiment: Adobe said AI-first annual recurring revenue grew more than 150% year over year and monthly active users across its creativity and productivity products surpassed 1 billion. The company is emphasizing agentic AI, Acrobat AI and a freemium strategy to expand adoption. Adobe Q3 Earnings Call Centers on Agentic AI and Freemium
Positive Sentiment: Some analysts raised their price targets after the results. RBC reaffirmed an Outperform rating with a $315 target, while BMO lifted its target to $270, suggesting potential upside if Adobe’s AI strategy translates into sustained revenue growth.
Neutral Sentiment: Adobe’s fourth-quarter revenue outlook of approximately $6.8 billion to $6.85 billion was broadly aligned with estimates but slightly below some expectations. That modest shortfall overshadowed the better-than-expected quarter and full-year guidance increase. Why is Adobe stock falling despite a revenue and earnings beat?
Negative Sentiment: Net new ARR declined amid Adobe’s intentional shift toward freemium offerings. Investors are concerned that giving users broader free access could increase adoption but delay paid conversions and weaken near-term growth metrics. Adobe Q3 2026 Earnings Call Highlights
Negative Sentiment: Analysts remain divided over whether Adobe can monetize AI quickly enough to offset competition from AI-native tools. JPMorgan cut its price target to $315, Bank of America maintained a Sell rating with a $220 target, and several firms cited slowing growth and strategic uncertainty.
Negative Sentiment: The market is also adjusting to the upcoming CEO transition and interim finance leadership, adding uncertainty to execution at a time when investors want clearer evidence that Adobe’s AI investments are creating durable growth.

Adobe Company Profile

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Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.